Japanese game company Enish liquidated its Bitcoin holdings at a loss and shifted its funding strategy to staking within the Solana ecosystem.

CoinFeed reported on June 11 that, according to Cryptopolitan, Japanese gaming company Enish sold off all of its 8,063 Bitcoins at a loss of approximately $160,000 and shifted to a staking strategy within the Solana ecosystem, targeting an annualized return of 6% to 8%. The company stated that its DAT 1.0 strategy, which relied on rising cryptocurrency prices, became increasingly unsustainable due to market volatility, while the DAT 2.0 strategy, which generates sustainable revenue through staking and validator operations, is the new direction. Enish plans to use approximately $46,000 from the sale of Bitcoin and the issuance of warrants and bonds for Solana validator operations and has already contacted Solplanet, a Japanese Solana infrastructure provider, to utilize its white-label validator program. This is the second publicly traded company in ten days to abandon its Bitcoin reserves.